After a wild ride with
$ZVO, I decided to take profits and make a well adjusted rotation into…
Bitcoin miners! Yes, although unconventional, my reasoning is plain and simple:
- The less Bitcoin being mined, the less supply.
- Central banks are still purchasing a ridiculous amount of bonds and interest rates are still at historically absurd levels.
- Most Bitcoin miners sold at an average price of $30,000 (currently trading at $20,000) to not only lock in profits, but to shore up cash for further expansion and efficiency.
- Additionally, Bitcoin at $20,000 is a historic price floor and all the bad news has been priced in.
There are many publicly traded Bitcoin miners out there, so I bought a basket of them as a thematic investment 🦧
Happy investing & trading!
Bob